AB 299 Unit 6 Assignment Pro Froma Statement
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<strong>AB</strong> <strong>299</strong> <strong>Unit</strong> 6 <strong>Assignment</strong> <strong>Pro</strong> <strong>Froma</strong><br />
<strong>Statement</strong><br />
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<strong>AB</strong> <strong>299</strong> <strong>AB</strong>/<strong>299</strong> <strong>AB</strong><strong>299</strong> <strong>Unit</strong> 6 <strong>Assignment</strong> <strong>Pro</strong> <strong>Froma</strong> <strong>Statement</strong><br />
Go to Tim’s Coffee Shoppe and look in the back office. Inside the file drawer labeled “Business”<br />
is Tim’s Coffee Shoppe Income <strong>Statement</strong> for the year for 2011. This is the most recent record<br />
Tim has. This year, several large businesses are moving in around his coffee shop and he<br />
expects business to increase. Tim needs to create a pro forma profit and loss (income)<br />
statement for this year, and you need to help him.<br />
In this assignment, discuss whether each area in the pro forma income statement will increase,<br />
decrease or stay the same due to large businesses moving into the neighboring buildings into<br />
his area and explain your rationale why that line item will increase, decrease or stay the same.<br />
Remember, Tim serves coffee to many people who work in the area, so he would certainly<br />
expect a major increase in his business volume.<br />
This assignment is not looking for dollar figures, but primarily your justification on why the line<br />
items will change and what direction they will change, if any. You may make assumptions based<br />
on the increased sales volume and how it will affect income and expenses, if and when you do<br />
make these assumptions, please describe them and their effects on each line item.<br />
You can go on the Internet and search for videos covering financial statements
These are the line items:<br />
Income earned:<br />
Expenses include:<br />
Salaries<br />
Rent<br />
Depreciation<br />
Supplies<br />
Lease (on your refrigerator) Tax<br />
Interest (on loans currently held) Insurance<br />
Checklist:<br />
affect income and expenses, please describe them and their effects on each line item.<br />
Why?<br />
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